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Forex Trend Analysis Report

Prepared for you on Saturday, February 27, 2021.

Malagasy Ariary/Euro (FOREX:MGAEUR)

Sidelines Mode (+55) - MGAEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MGAEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MGAEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MGAEUR
Open High Low MGAEUR Price Change
0.00021975 0.00021975 0.00021975 0.00021975 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MGAEUR

long term down The long-term trend has been DOWN since Jan 4th, 2021 at 0.00020796

intermediate term up The intermediate-term trend has been UP since Jan 14th, 2021 at 0.00021804

short term down The short-term trend has been DOWN since Feb 23rd, 2021 at 0.00021973

Smart Scan Analysis for MGAEUR

Based on our trend formula, MGAEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MGAEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00021975 0.00021975 0.00021975 0.00021975 0.00000000
Prev. Close Volume Bid Ask Time
0.00021975 2021-02-24 07:23:17
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